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Lodi Unified School District 2013-14 Proposed Budget - June 18, 2013.

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Presentation on theme: "Lodi Unified School District 2013-14 Proposed Budget - June 18, 2013."— Presentation transcript:

1 Lodi Unified School District Proposed Budget - June 18, 2013

2 “We didn't actually overspend our budget. The allocation simply fell short of our expenditure.” ― Keith DavisKeith Davis 1

3 What is a Budget? In its simplest form: A proposed plan for revenues and expenditures for the following fiscal year. In typical form: A proposed plan for revenues and expenditures in a format that meets county and state requirements. In optimum form: A policy document to reflect the philosophy of the Board, the Administration, & the Education Community within the resources available. A financial plan: To show where you've been and where you are going. An operations guide: To guide administrative decisions and actions throughout the year. It is a living document that changes. A communications device: To share with the community the fiscal strengths and challenges of the instructional program. 2

4 Budget Process December – Enrollment Projections and Staffing Ratios are determined for Budget Year. April 1 st – Roll current year Board approved Unrestricted budgets AND Position Control into Budget Development. April – Remove One Time funds from proposed budget, such as, carry over and donations. Adjust school site budgets to reflect new year allocations. April - May – Analyze all Other Funds and Restricted budgets to determine if funds are continuing. Work with Program Managers to plan budgets for specialized programs. May – Revenue Limit calculations are finalized with the County Office for budget year and 2 subsequent years. May – Estimated Beginning Fund Balance for the budget year is projected. The 3 year Multi Year Projection is completed with all known revenue and expenditure changes, including bargaining unit agreements. June – All funds and resources are balanced. Data is uploaded into State SACS reporting software. Technical Review Checks are processed and Criteria and Standards and County required Assumptions are also completed. 3

5 After 41 Years Change? We have created a budget under current statute. The Revenue will change and will be reflected in future budget updates. Multi Year Revenue Projections will be updated as information becomes available will be a year of Conversion to the new Budget Process. The State will develop Procedures and Regulations (Trailer Bills). A new process will include: Local Control and Accountability Plan (LCAP).  Will be part of the Budget Adoption. Parent Advisory Committee (PAC).  Will Review and make Recommendations to the Board. LCFF will provide an increase of Revenue of approximately $9,336,492 for , but we will continue to deficit spend. 4

6 BRL Revenue $214,814, % ($81,345,706) Local Property Tax Contribution to Base Revenue Limit 15% to total revenue.

7 Multi-Year Comparison Base Revenue Limit (BRL) vs. Local Control Funding Formula (LCFF) 6

8 Total Loss of ADA 1, Million Dollars Average Loss 331 ADA 7

9 Expenditure $224,889, Certificated Personnel 2000 Classified Personnel 3000 Benefits 4000 Supplies 5000 Contracted Services 6000 Capital Items 7000Net Indirect & Debt Service 8 Deficit Spending ($10,074,230) LCFF *($737,738) *Approximation Only

10 Changes in Expenditures from % Increase in Certificated Salary 6.6% Increase in Classified Salary 2.6% Increase in Benefits Percentage Decline 10% Increase Contribution to Special Education 2% Reduction in Contribution to Transportation 10 FTE CSR 28:1 K FTE above formula to balance Class Size and Reduce Combos Up from 12 FTE 9 =85% of Budget

11 Designated Reserves Ending Fund Balance Stores, Revolving, & Prepaid$ 795,979 Restricted$ 3,795,496 Contingency Reserve$ 150,000 Capitol Outlay (AB87)$ 279,920 Programmatic Reserve$ 1,171,693 Unforeseen Special Education$ 2,000,000 Carry Over Reserves$ 2,500,000 State Deferred/Deficit Spending$22,754,497 State Required 3%$ 7,000, TotalBRL$40,447,585 LCFF $ 9,336,492 Total $49,784,077

12 Estimated Deficit BRL vs. LCFF Based on Traditional COLA 11

13 Ending Fund Balance LCFF v. BRL One-time Dollars 12 Assumption that designated reserves do not change

14 State History Deficit Factor 5 Years of fully funded out of 23 What will happen when Prop 30 Expires? 13

15 …to be continued …to be continued Budget Part II

16 Special Thanks Angel Murnan, Director of Budgets, and the Budget Department Maria Fong, Controller, and the Accounting Department And, to the Board of Education 15


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